MT4 Chart Change Chart Time

How Do I Trade Price with Different Chart Time frames?

Explanation of Different Time-frames

Traders using trading analysis use charts to try & attempt to predict the movement of price on the trading charts.

Traders will sometimes use two or more chart time frames so as to figure out the long term trend and short term trend.

Indices Trade Define A Price Trend

Using a indices system that has Three indicators - MA Moving Average Cross-Over System, RSI & MACD and using simple trading rules to define the market trend. The indices rules are:

Upwards Trend

Both MAs Moving Up

RSI Indicator above 50 Mark

MACD Above Centerline

Downward Trend

Both MAs Moving Down

RSI Indicator below 50 Mark

MACD Below Center-Line

The traders using different chart time frames will need to test-out various chart time frames so as to figure out the best chart time frame for them to trade.

Multiple charts time-frames analysis equals using two chart time frames to trade indices instruments - a shorter one used for trading and a longer one to check trend.

Since it is always good to follow the market trend, in Multiple Time-frame Analysis, the longer chart time frame gives and provides us the direction of the long term trend.

5 Min Time-Frame

MT4 Chart Change Chart Time - How Do I Interpret Price with Different Chart Time Frames?